Self-Employment Opportunities: Would it make sense to start a side business related to my rental properties (such as property management) to access more deductions?

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

I served as the buyer's agent and property manager for my clients under Blue Chariot Realty & Management.

Start by being actively involved with your PROPERTY MANAGEMENT duties.  

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

The state will get its pound of flesh and my liabilities were better managed by executing perfect permitted work and excellent insurance.I'd sincerely recommend having a savvy CPA, Lawyer & Insurance broker.

The place where you can add value with no money is a situation like: you find project A, it is a 120k purchase and it should need 80k rehab but you can get rehab done for 65k cause you can do some of the work and you know how to save on materials and you can manage the rehab. 

@Steven Wetherillwhat about property management?

I have 1000 sqft so $250k.if I have no GC and manage all the subcontractors I will not have a Rolodex so have to find subcontractors and I’m sure there are a million other complexities.

I manage quite a few properties in those markets.